Just-In: Kraken Rolls Out Wrapped Bitcoin kBTC To Boost BTC Adoption

Quick Summary:

In a recent update, the leading crypto exchange Kraken has announced the launch of Wrapped Bitcoin, kBTC, sparking market optimism.

This new ERC-20 token is expected to boost the BTC’s utility across decentralized finance (DeFi) platforms.

Besides, it also comes after another top exchange, Coinbase, has launched its Wrapped BTC cbBTC.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Kraken Bitcoin (BTC) Price Wrapped bitcoin 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 13:00:17 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 192 words

Reading Time: 2 minutes read

Sentences: 34 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23102759

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 26 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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